EUR/USD: bearish impulse in wave (i)

EUR/USD: bearish impulse in wave (i)


The price is consolidating between the levels +1/8 & 8/8. If the pair fixates under 8/8 MM Level, there'll be an opportunity to have bearish wave [a]. In this case, we should keep an eye on 5/8 MM Level as an intraday target.


It's likely that there's a bearish impulse in wave (i). However, wave (ii) is a quite big, so this wave count will be unconfirmed until a downward impulse in the direction of wave (iii) arrives.



EUR/USD: 34 & 55 MA acting as support

There isn't any reversal pattern. In this case, the price is likely going to test the nearest support area once again. If a bullish pattern forms...


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